Passenger transport group looks to the future under new ownership

Arriva Group, a leading provider of passenger transport across Europe, has announced the completion of its acquisition by I Squared Capital, an independent global infrastructure investment manager.

The acquisition, first announced in October 2023, encompasses all of Arriva’s businesses across 11 countries.

Arriva Group and its operating companies have all transferred to I Squared as part of the deal, ensuring continuity of services across Arriva’s footprint, and reassurance for employees who will continue to serve communities without any changes to their employment conditions.

I Squared has extensive experience in providing essential infrastructure, including transport, logistics, energy, utilities, and digital infrastructure around the world.

Mike Cooper, Arriva Group CEO, said: “Closing this transaction marks an important milestone and an exciting new chapter for Arriva.

“It is an opportunity for Arriva to recommit to working alongside passenger transport authorities to deliver essential transport links and build a more sustainable future for our colleagues, customers and the communities we serve.  

“With the backing of I Squared, an independent and highly reputable infrastructure investor, I am confident that we will deliver on that commitment for the benefit of the millions that Arriva serves”.

Mohamed El Gazzar, senior partner at I Squared, said: “Passenger transport plays a vital role in society, connecting communities and facilitating economic growth, while reducing carbon emissions and congestion.

“Arriva plans to be at the heart of this agenda, working alongside its transport authorities and clients. Arriva’s ambition for the decarbonisation of its fleets also aligns with ISquared’s strategy to develop and scale assets with technologies that accelerate the energy transition.” 

The company is a leading investor in transport and logistics and in decarbonisation technologies, with a track record of investing significant capital to create sustainable, long-term growth across its portfolio, supporting management teams in improving operational performance, and investing to support the energy transition.

Pictured from left to right: Fund Partner of I Squared Capital Enrico Del Prete and CEO Mike Cooper.